Stocktaking - a must for thriving businesses

Companies which want to keep a strict control of their business and to avoid problems in justifying accounts, overstocking or shrinkage, have formed the habit of hiring independent stocktakers for their stocktaking needs.

London, United Kingdom (prHWY.com) November 15, 2012 - Companies which want to keep a strict control of their business and to avoid problems in justifying accounts, overstocking or shrinkage, have formed the habit of hiring independent stocktakers for their stocktaking needs. This way, they manage to avoid stock-related disasters and they can run their business in an efficient and profitable manner. At present, more and more companies have begun to understand the benefits of working with a professional stocktaker.

To start with, we should point out that third-party stocktakers are independent experts which provide stocktaking services; these services usually consist in counting stocks and in assessing the condition of the items held in the inventory. However, it often happens for companies to have specific stocktaking needs and to require particular services: in such cases, the stocktaker discusses with its customer and subsequently elaborates a stocktaking plan that is in line with the customer's requirements. Note should be taken of the fact that several preliminary discussions between the stocktakers and customers are always necessary prior to the actual commencement of the stocktaking process.

If, in the past, companies would contract stocktaking services at least once a year because they were required to do so, at present the situation has changed; companies have realised that having regular stocktakes works to their advantage, for it gives them the possibility of knowing exactly what stocks they have and what needs to be done in order to better manage their cash flow. In addition, companies have figured out that they can rely on accurate and objective reports, provided that they work with stocktakers they can trust. Consequently, more and more companies have started to work with third-party stocktakers in order to benefit from comprehensive and reliable stocktaking services.

As already mentioned, performing regular stocktakes has many benefits that should not be ignored: to start with, stocktaking enables businesses to manage their inventory in an efficient manner, to detect situations such as overstocking or shrinkage and to take measures in order to remedy the situation. This way, businesses can improve the efficiency of their daily operations and avoid keeping their money blocked unnecessarily. Also, we should state that periodical stocktakes will eventually lead to improved cash flow, to an increase in the number of happy customers and to bigger sales.

When it comes to hiring stocktakers, businesses should ensure that they select an experienced company that uses innovative stocktaking solutions and whose stocktakers are reputed for the discreet and non-disruptive work modality. Also, they should ensure that the stocktaking company they choose will observe their specific requirements and will count every single stock item that they find. Last but not least, businesses should make sure that the stocktaker they decide to hire use highly efficient auditing systems that leave very little room for errors. By working with well-trained, conscientious and serious stocktakers, businesses can be 100% certain that the results of the stocktaking process will be accurate and can be used in making key business decisions.
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Tag Words: stocktaking, stocktakers

Categories: Business

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